Author: NBTC

President-elect Donald Trump’s transition team has wrapped up interviews for the Commodity Futures Trading Commission (CFTC) chair position, and Brian Quintenz, Head of Policy at a16z crypto, has emerged as a frontrunner for the position, according to a new report from Bloomberg, citing people with knowledge of the matter. Quintenz’s background in crypto policy positions him as a strong contender for the role, especially as the CFTC is expected to play a key part in regulating digital assets under the incoming Trump administration. Quintenz, who previously served as CFTC Commissioner during both the Obama and Trump administrations, oversaw the implementation…

Bitcoin is resuming its new recovery run fueled by institutional support. Will this lead to a surge to a new all-time high? Amid the short-term market correction, Bitcoin’s price remains steady at key support levels. With an intraday recovery, BTC’s price suggests the possibility of an extended rally to offset recent declines. Will this recovery result in a breakout rally that could set a new all-time high this month? Let’s explore this possibility. Bitcoin Price Analysis The second consecutive bearish candle in the daily chart caused the BTC price to drop further yesterday following the 3.69% drop on Monday. However,…

New Zealanders are not too excited about a central bank digital currency, with the Reserve Bank of New Zealand’s public consultation feedback revealing the majority view it as not important. On December 10, the Reserve Bank of New Zealand (RBNZ) released the results of its public consultation on a potential CBDC, which garnered feedback from 500 written submissions and 18,000 survey responses. More than 70% of the respondents were of the opinion that a CBDC, which the bank refers to as “digital cash,” was not important. Further, only 16% agreed with the RBNZ’s rationale for introducing a CBDC to ensure…

Data shared by the Shibburn tracker shows that this metric has demonstrated an impressive increase both on the 24-hour and weekly time frames. The SHIB army has managed to dispose of a mammoth amount of meme coins lately. Daily and weekly SHIB burns soar According to a recent tweet published by the above-mentioned data source, over the past 24 hours, the SHIB burn rate went up by almost 129%, erasing a total of 5,771,537 SHIB. The Shibburn website shows only two burn transactions in this time frame; they carried 2,500,000 and 3,271,537 SHIB to “inferno” wallets. As for weekly burns,…

Democrat Caroline Crenshaw’s nomination for another term as a commissioner at the Securities and Exchange Commission has faced new setbacks. A planned vote by the Senate Banking Committee was postponed after Senate Banking Committee Chair Sherrod Brown delayed the vote just minutes before it was set to occur on Wednesday morning, after the committee’s GOP members had arrived. Republican senators blocked Brown’s request to waive procedural rules and hold the vote later in the day, according to a Senate aide. The delay pushed Crenshaw’s vote into the afternoon, conflicting with a Senate rule that restricts committees from meeting after the…

Microsoft shareholders reject a proposal to incorporate Bitcoin as a treasury asset despite advocacy from MicroStrategy’s Michael Saylor. This decision reflects the cautious stance of the company’s leadership toward crypto assets. The proposal aimed to encourage Microsoft’s board to assess Bitcoin’s role in diversifying the company’s treasury. Its rejection highlights the ongoing debate about corporate adoption of Bitcoin. Proposal Pitched Bitcoin as Inflation Hedge Microsoft’s proxy statement outlined the proposal, highlighting Bitcoin’s strong historical performance compared to traditional corporate bonds. Proponents argued that adding Bitcoin to the company’s assets could improve its financial resilience by diversifying its treasury holdings. However,…

As 2025 approaches, Y Combinator and Andreessen Horowitz (a16z) have shown confidence in cryptocurrency and artificial intelligence (AI). Their calls for startup proposals highlight stablecoins, AI integration, and their convergence, showing optimism for these technologies. Y Combinator Pushes Stablecoin Innovation Y Combinator identifies stablecoins as crucial for digital payments. Stablecoin payment volumes now exceed 20% of Mastercard’s total volume. Nearly 30% of global remittances rely on stablecoins. Financial institutions like Visa develop platforms for banks to issue their own stablecoins. Stripe’s $1 billion acquisition of Bridge signals growing investor interest in the stablecoin market. Regulatory prospects for stablecoins in the…

Notable community commentator “CryptoTank” has warned that XRP may not trade below $1 again, arguing that “big things” are on the horizon. CryptoTank conveyed this sentiment in a post on X today, encouraging market participants to continue accumulating more XRP tokens. He based his bullish outlook on key upcoming events around the payment firm Ripple. First, he pointed out that Ripple’s chairman, Chris Larsen, and CEO, Brad Garlinghouse, will be speaking at a Federal Reserve meeting on Tuesday, October 22. As Crypto Eri, a respected figure in the community, previously disclosed, the Ripple executives will feature at the 8th Annual…

Bitcoin’s recent surge past $100,000 has sparked discussions about its future trajectory, with prominent finance YouTuber Matt Kohrs suggesting that BTC could reach $250,000 in the near-term. Speaking on the Matt Kohrs Show, he expressed optimism about Bitcoin’s potential due to the favorable macroeconomic environment and the growing interest in digital assets. Data from financial research firm Luthold Group suggests that riskier assets including Bitcoin and gold are likely to outperform traditional 60/40 stock and bond portfolios through 2024. Kohrs, known for his in-depth study of market trends, laid out two potential scenarios for the future of Bitcoin: It solidifies…

Gelato Network has announced a strategic partnership with Factor.Fi, a decentralized platform that enables developers to develop new DeFi products. Through the collaboration, Gelato Network and Factor.Fi created a new DeFi environment that enables users to automate and simplify decentralized finance trading. Gelato, a blockchain-based platform that automates smart contracts on various blockchains, disclosed the development through its X account. The integration is a good example of what is popularly known as composability, a trend that is transforming the DeFi world. Gelato Functions Automate DeFi Strategies on Factor!@Factor_fi merges Lego’s creativity & Shopify’s e-commerce logic into a single DeFi Composability…